From 0:00 on July 11, 2022, gasoline and oil prices plummeted by more than 3,000 VND/liter in Vietnam

According to Dispatch 3942/BCT-TTTN dated 11/7/2022 on petroleum business management of the Ministry of Industry and Trade of Vietnam, from 0:00 on 11/7/2022, petrol and oil prices simultaneously plummeted more than 3,000 VND /liter.

From 0:00 on July 11, 2022, gasoline and oil prices plummeted by more than 3,000 VND/liter in Vietnam

From 0:00 pm on July 11, 2022, the selling prices of popular petroleum products on the market in Vietnam are regulated as follows:

- E5RON92 gasoline: No higher than 27,788 VND/liter (decrease 3,103 VND/liter);

- RON95-III gasoline: No higher than 29,675 VND/liter (decrease 3,088 VND/liter);

- Diesel oil 0.05S: No higher than 26,593 VND/liter (decrease 3,022 VND/liter);

- Kerosene: No higher than 26,345 VND/liter (decrease 2,008 VND/liter);

The Ministry of Industry and Trade of Vietnam decides to set up the Petroleum Price Stabilization Fund for petroleum products in Vietnam as follows:

- E5RON92 gasoline: 950 VND/liter;

- RON95 gasoline: 950 VND/liter;

- Diesel oil: 550 VND/liter;

- Kerosene: 800 VND/liter;

- Madut oil: 950 VND/kg.

See Official Dispatch 3942/BCT-TTTN dated 11/7/2022 in Vietnam for more information.

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